descending

Predictions and Analysis

This chart is a minor re-draw of the chart originally published by chrisdunntv. Changed the following:
1) Moved blue lines to touch candle wick lows and highs. You still have two touches on the ascending blue support line and the descending blue resistance line.
I believe this better reflects the recent weakness in the bitcoin price as highlighted in the yellow...

Looking at the weekly chart we can see what Gold has been doing on a plain and simple pattern. Although it is now on a triangle pattern coming from a downtrend we should keep in mind that the price is just sitting on a critical level which was the previous support highlighted with yellow box. Can this be a potential continuation of a downtrend or will support hold...

GC dropped significant and fast from 846s highs completing the shark lvl1 @88.6 XC ret. (8141). The PA is currently on 127.2 ext of previous low with a possible long on this shark to 8222. However, a good structure (February lows) provides more support @805s where the shark lvl2 completes.
Discretion is advised since both entries long are technical...

I posted a case on the daily taking some liberty with the possibility of a symmetric triangle -- I determine a bullish case due to MACD/RSI/OBV suggesting a positive divergence with respect to price. In this case, I with a descending triangle, I see a channel that is forming in a possible uptrend with significant fib resistances.

As many of you know United States and Japan's diplomats have been working on the Trans-Pacific Trade Agreement TPP. Trans-Pacific Partnership (TPP) is an ambitious plan for a free trade agreement among 12 countries which, if realized, could cover 40 percent of global GDP. It is a key plank in President Obama's foreign policy, and an effort to anchor the US firmly...